The purpose of the Notice is to advise you that presently pending before the United States District Court for the District of Maryland (the “Court”) is a consolidated securities case captioned In re Under Armour Securities Litigation, No. RDB-17-388. Pursuant to the Court’s Order dated September 29, 2022, the Court certified this securities case as a class action to proceed on behalf of the Class.

The Notice is directed to you because you may be a member of the Class (“Class Member”). If you are a Class Member, your rights will be affected by this Action. If you do not meet the Class definition as listed in Question 5 below, the Notice does not apply to you. If you are uncertain whether you are a member of the Class, contact Class Counsel listed in Question 8 below or your own attorney.

The Notice is not an admission by Defendants or an expression by the Court of any opinion on the likelihood of recovery by the Class Representatives or on the merits of any defense asserted by Defendants. There is no settlement or monetary recovery at this time and there is no guarantee there will be any recovery. The Notice is provided only so that you may decide what steps, if any, to take in relation to your continued participation in the Class.

Discovery in this Action is ongoing. The Court has set a deadline of October 2, 2023 for filing summary judgment motions, and briefing on such motions will be complete by December 18, 2023. The Court has scheduled trial to begin on March 4, 2024.

A brief background of this case is provided on page 1 of the Notice and is also summarized on this website. We do not have any more information regarding the background of this case beyond what is provided in the Notice and posted case documents.

A class action is a type of lawsuit in which one or several individuals or entities prosecute claims on behalf of all members of a group of similarly situated persons and entities (i.e., the Class) to obtain monetary or other relief for the benefit of the entire group. Class actions avoid the necessity of each member of a class having to file his, her or its own separate lawsuit to obtain relief. Class actions are used to decide legal and factual issues that are common to all members of a Class. Importantly, Class Members are NOT individually responsible for the attorneys’ fees or litigation expenses. In a class action, attorneys’ fees and litigation expenses are paid from the settlement fund (or the Court judgment amount), if any, and must be approved by the Court. If there is no recovery, the attorneys representing the Class do not get paid.

The Court has not decided in favor of Class Representatives or Defendants. This action has not been settled and continues to be litigated. There is no settlement or monetary recovery at this time and there is no guarantee there will be any recovery.

The “Class,” as certified by the Court, consists of: All persons and entities who purchased or otherwise acquired Class A and Class C common stock of Under Armour, Inc. (“Under Armour”) between September 16, 2015, and November 1, 2019, inclusive (“Class Period”).

Excluded from the Class are Defendants, present or former executive officers and directors of Under Armour and their immediate family members (as defined in 17 C.F.R. §229.404, Instructions (1)(a)(iii) and (1)(b)(ii)).

We administer the notice process under the direction of the presiding Court and counsel. In some cases, we are directed to provide CUSIP numbers for the securities involved in the matter. In other cases, we are not authorized or directed to provide the CUSIPS. In this case, we are unable to provide the CUSIP. The determination regarding CUSIPS is made on a case-by-case basis by counsel and courts involved and is not a matter decided by us.

Excluded from the Class are Defendants, present or former executive officers and directors of Under Armour and their immediate family members (as defined in 17 C.F.R. §229.404, Instructions (1)(a)(iii) and (1)(b)(ii)).

As a member of the Class, you will be represented by Class Counsel, identified below, and will have no individual liability for attorneys’ fees and costs:

MARK SOLOMON
ROBERT R. HENSSLER JR.
STEPHEN R. ASTLEY
ELIZABETH A. SHONSON
ROBBINS GELLER RUDMAN & DOWD LLP
655 West Broadway, Suite 1900
San Diego, CA 92101
Telephone: (619) 231-1058

Class Counsel will represent you as a part of the Class. You will not be individually charged for these lawyers. In the event that Class Representatives are successful through trial or settlement, Class Counsel will seek an award of attorneys’ fees and expenses. You will not be personally responsible for any fees, costs, or expenses of Class Counsel relating to the prosecution of this lawsuit. You may, if you so desire, enter an appearance through an attorney who will then represent you. You will, however, be responsible for the fees and costs charged by your own attorney appearing on your behalf. Any such appearances must be made by November 27, 2023.

If you wish to be excluded, you must submit a written request for exclusion from the Class, addressed to:

Under Armour Securities Litigation
c/o Gilardi & Co. LLC
P.O. Box 5100
Larkspur, CA 94977-5100

The request for exclusion must be postmarked on or before November 27, 2023, and must clearly identify the name and address of the person seeking exclusion, the number of shares of Under Armour Class A or Class C common stock purchased or otherwise acquired between September 16, 2015 and November 1, 2019, inclusive, be signed, and clearly state that the person requests to be excluded from the Class. If you are signing on behalf of the Class Member (such as an estate or an incompetent person), or as a legal representative, please include your full name and the basis for your authority.

A request for exclusion shall not be effective unless it is postmarked on or before November 27, 2023 and submitted in the manner provided for above.

If you do not exclude yourself by the deadline above, you will remain part of the Class and be bound by the orders of the Court in this lawsuit, including final judgment, whether or not it is favorable to Class Representatives and you.

If you have any corrections of changes of name or address, please send them via email to: [email protected] or by mail to:

Under Armour Securities Litigation
c/o Gilardi & Co. LLC
P.O. Box 301135
Los Angeles, CA 94977-1135

If you have any questions, please contact the Notice Administrator at:

Under Armour Securities Litigation
c/o Gilardi & Co. LLC
P.O. Box 301135
Los Angeles, CA 90030-1135

or via email to [email protected].